In 2021, the number of high net worth individuals (HNWIs) in China amounted to over **** million. The number of HNWIs in the country was projected to increase significantly, reaching more than ** million by 2026. In comparison, Southeast Asia's most populous country Indonesia had just over ** thousand high net worth individuals in 2021.China also had the highest number of ultra high net worth individuals (UHNWIs) in APAC that year.

The high-net-worth individual (HNWI) financial wealth value in the Asia-Pacific region reached 25.7 trillion U.S. dollars in 2023. According to Capgemini, the HNWIs financial wealth value has recovered from losses in 2022.

In 2021, the number of ultra high net worth individuals (UHNWIs) in China amounted to approximately ***** thousand. The number of UHNWIs in the country was projected to increase significantly, reaching around ***** thousand by 2026. In comparison, Southeast Asia's most populous country Indonesia had just over *** thousand ultra high net worth individuals in 2021, a number which was set to increase slightly over the next years. Thailand was the only country in the region where the number of UHNWIs was projected to decrease until 2026.China also had the highest overall number of high net worth individuals (HNWIs) in APAC that year.

In 2021, about 7.89 million individuals in North America had financial assets worth at least one million U.S. dollars. This equaled to a combined worth of about 27.67 trillion U.S. dollars, an increase from 24.32 trillion U.S. dollars in 2020.

Graph and download economic data for Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level (HNONWPDPI) from Q4 1946 to Q1 2025 about net worth, disposable, nonprofit organizations, personal income, Net, percent, personal, households, income, and USA.

In 2023, 225,000 individuals with net assets of at least 30 million U.S. dollars were residing in the United States, by far the highest number of any country. By comparison, China, which had the second highest number of ultra high net worth individuals (UHNWIs), had less than 100,000 individuals with assets amounting to 30 million U.S. dollars or more.Place of residence of ultra high net worth individuals The residency of almost half of the world’s ultra high net worth individuals in the United States explains the dominance of North America in regard to the number of ultra high net worth individuals by region. Hong Kong was the city with the most UHNWIs in 2022, followed by New York, London, and Los Angeles. Source of wealth and gender differences A majority of the world's UHNWIs are self-made. However, looking at billionaires, there is a clear difference between men and women; whereas a majority of billionaire men were self-made, a majority of the women had inherited their fortune.

In 2022, there were close to 2.6 million high net worth individuals (HNWI) with a net worth of one to five million U.S. dollars in Japan, compared to 77 individuals with a net worth of over 500 million dollars. Japan has a population of 125.85 million.

The United States is leading the ranking by number of high networth individuals , recording 26.9 million individuals. Following closely behind is China with 13.9 million individuals, while Lesotho is trailing the ranking with 0 thousand individuals, resulting in a difference of 26.9 million individuals to the ranking leader, the United States. High Net Worth Individuals are here defined as persons with investible assets of at least one million U.S. dollars in current exchange rate terms.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

The largest share of assets held by high net worth individuals (HNWIs) in North America in 2024 was cash and cash equivalents, which accounted for 24 percent of the total assets held by HNWIs in the United States and Canada that year. North America is the region with both the highest assets of HNWIs, and with the highest number of HNWIs. Who is considered a HNWI? To be considered a HNWI, their financial assets must exceed at least one million U.S. dollars. In addition to HNWIs, the term ultra-high net worth individuals (UHNWIs) refer to individuals with financial assets of at least 30 million U.S. dollars. The highest number of UHNWIs in the world are also found in North America, with more than 190,000 individuals. How many HNWIs are there in the U.S.? Most of the leading position of North America in terms of number and assets of HNWIs and UHNWIs is attributed to the United States. The number of UHNWIs in the United States reaches almost 110,900 individuals, which is almost four times as many as in China, the country with the second highest number of UHNWIs.

Insurance for High Net Worth Individuals (HNWIs) Market Outlook

In 2023, the global market size for insurance targeting High Net Worth Individuals (HNWIs) was valued at approximately $21.5 billion. With an impressive Compound Annual Growth Rate (CAGR) of 7.6%, this market is projected to reach around $40.6 billion by 2032. The steady growth of this market can be attributed to the increasing number of HNWIs worldwide, driven by economic growth in emerging markets and the proliferation of new wealth through innovation and entrepreneurship. As these individuals accumulate more assets and wealth, there is a rising demand for tailored insurance products that cater specifically to their unique needs and lifestyle risks.

A key growth factor in the insurance market for HNWIs is the complexity and variety of assets owned by this demographic. HNWIs typically possess a diverse portfolio that may include luxury homes, high-value vehicles, art collections, and even private yachts and aircraft. Standard insurance policies often fall short of adequately covering these diverse and high-value assets. As a result, there is a growing demand for specialized insurance products that offer comprehensive coverage tailored to the unique risk profiles of HNWIs. Additionally, the increasing volatility in global economic conditions and climate change-induced natural disasters further elevate the need for robust insurance solutions that can provide peace of mind to wealthy individuals concerned about the protection of their valuable assets.

Another significant factor fueling the growth of the HNWI insurance market is the evolving perception of risk management among affluent individuals. As wealth grows, so does the awareness of potential liabilities and the importance of safeguarding legacy planning and wealth transfer strategies. This has led to a higher emphasis on purchasing insurance products not only to protect tangible assets but also to mitigate personal and business risks. For example, life insurance is increasingly being used as a tool for estate planning, ensuring that wealth is efficiently transferred to future generations while minimizing tax liabilities. This strategic approach to risk management reinforces the demand for sophisticated insurance products specifically designed for HNWIs.

Technological advancements and the digital transformation of financial services are also pivotal in shaping the HNWI insurance market. Today's high net worth individuals expect the same level of personalization and convenience from their insurance providers as they receive from other service sectors. Insurers are leveraging cutting-edge technologies such as artificial intelligence and big data analytics to offer bespoke insurance solutions and streamlined services that cater to the discerning tastes of HNWIs. These innovations enable insurers to better assess risks, personalize coverage, and enhance customer experiences, thus driving market growth. Furthermore, the rise of digital platforms and online customer engagement tools provides greater accessibility and transparency, making it easier for HNWIs to explore and purchase insurance products.

The regional outlook for the HNWI insurance market indicates significant variations in growth trends and opportunities. North America currently holds the largest share of the market, driven by the substantial number of HNWIs and the mature financial services infrastructure in the region. However, the Asia Pacific region is expected to witness the highest growth rate, attributed to the rapid economic expansion and increasing wealth generation in countries like China and India. These emerging markets present significant opportunities for insurers aiming to capture the burgeoning demand for HNWI-focused insurance solutions. In Europe, the market is characterized by strong regulatory frameworks and a high concentration of wealth, particularly in countries like Switzerland and Germany, while the Middle East & Africa region sees growth driven by the rising number of ultra-high-net-worth individuals and family offices seeking bespoke insurance services.

Product Type Analysis

The insurance market for high net worth individuals (HNWIs) can be segmented by product type, with significant focus on property and casualty insurance, life insurance, health insurance, and specialty insurance. Property and casualty insurance is fundamental for HNWIs due to the diverse range of high-value assets such as luxury homes, vehicles, and collectibles they often own. This type of insurance provides tailored protection that covers not only the physical damage or loss but also liabilities that could arise from ownersh

The high net worth individuals (HNWI) and ultra-high net worth individuals (UHNWI) in North America had the highest value of assets worldwide in 2023. The largest part of North American HNWI and UHNWI's assets were financial assets, such as cash and deposits, bonds, equities, and shares, which reached a value of over *** trillion U.S. dollars in 2023. North American wealth management clients also had the highest liabilities, amounting to ** trillion U.S. dollars.

About this Dataset

Category

Real Estate

Keywords

Dubai,Real Estate,abudhabi,uae

Row Count

101468

Price

$100.00

United States - Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level was 760.04% in January of 2025, according to the United States Federal Reserve. Historically, United States - Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level reached a record high of 832.87 in January of 2022 and a record low of 455.44 in July of 1974. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level - last updated from the United States Federal Reserve on June of 2025.

Germany DE: Households: Net Worth data was reported at 14,653,575.000 EUR mn in 2020. This records an increase from the previous number of 13,870,811.000 EUR mn for 2019. Germany DE: Households: Net Worth data is updated yearly, averaging 9,854,020.000 EUR mn from Dec 2005 (Median) to 2020, with 16 observations. The data reached an all-time high of 14,653,575.000 EUR mn in 2020 and a record low of 7,669,107.000 EUR mn in 2005. Germany DE: Households: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Germany – Table DE.IMF.FSI: 2006 Methodology: Sectoral Financial Statement: Balance Sheet: Annual.

United States - Share of Total Net Worth Held by the 90th to 99th Wealth Percentiles was 36.40000 % of Aggregate in January of 2025, according to the United States Federal Reserve. Historically, United States - Share of Total Net Worth Held by the 90th to 99th Wealth Percentiles reached a record high of 40.10000 in October of 2010 and a record low of 33.90000 in July of 1995. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Share of Total Net Worth Held by the 90th to 99th Wealth Percentiles - last updated from the United States Federal Reserve on June of 2025.

The statistic presents the asset allocation of high net worth individuals in the United States from 2009 to 2015. As of January 2015, 53 percent of the high net worth individuals' assets were invested in equities.

Graph and download economic data for Other Financial Information: Estimated Market Value of Owned Home by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXU800721LB0106M) from 1984 to 2023 about owned, market value, information, percentile, tax, financial, income, housing, estimate, and USA.

United States - Share of Total Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) was 2.50000 % of Aggregate in October of 2024, according to the United States Federal Reserve. Historically, United States - Share of Total Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) reached a record high of 4.30000 in April of 1991 and a record low of 0.30000 in April of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Share of Total Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) - last updated from the United States Federal Reserve on May of 2025.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Tehachapi, CA, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 11,924, while the mean income for the highest quintile (20% of households with the highest income) is 173,503. This indicates that the top earners earn 15 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 272,092, which is 156.82% higher compared to the highest quintile, and 2281.89% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Tehachapi median household income. You can refer the same here

Hong Kong's HNW investors – which is dominated by professional and earning males – have a relatively less demand for wealth management services, making Hong Kong a competitive country to operate in for wealth amanagers. A multi-service proposition will be key to mitigating the risk of HNW individuals placing their business with competing service providers. Hong Kong's HNW investors have mainly sourced their wealth from earned income while entrepreneurial income forms a smaller yet growing, source. While the largest chunk of HNW wealth is held via advisory mandates, demand for robo-advice is forecast to rise. Read More